Why Gilt Yields May Become Less Important to FTSE 100

The biggest stock-market rally in the developed world is going to lose traction before the year is up. So say all nine strategists tracked by Bloomberg, who on average predict a 5.9 percent drop in the FTSE 100 Index by December. A rebound in commodities and a slumping pound since the U.K.’s secession vote have spurred a 14 percent surge in 2016 for the gauge, whose members get most of their revenues from outside the country. Concerns that the government’s approach to Brexit will preclude single-market access to the European Union spurred fresh declines in sterling this month, helping propel the FTSE 100 to within 6.5 points of a record. Investec Chief Economist Philip Shaw discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."

12:46 - Rishi Shah, the founder and CEO of health-tech startup Outcome Health, gives Bloomberg's Kevin Cirilli a tour of his company's new Chicago headquarters, Outcome Tower, and discusses its plans to add 2,000 jobs over the next four years. (Source: Bloomberg)